Biggest IPOs on US exchanges this year come from non-US firms. Check details here…
initial public offering, launched Tuesday, would be the largest by a US company this year if it prices at the top of its range to raise $1.04 billion.When it comes to all IPOs on US exchanges this year, it wouldn’t even make the top three.Also Read | JPMorgan Chase's Jamie Dimon shares his morning routine: ‘I get up at 4.30, flip through five papers…’The largest such offerings to date are by companies domiciled outside the US: Viking Holdings Ltd. in Bermuda, Amer Sports Inc.
in Finland, and Kazakhstan’s Kaspi.KZ JSC. Non-US issuers accounted for 39% of the $17.2 billion raised among IPOs on US exchanges so far this year, according to data compiled by Bloomberg.
That’s the largest share of the volume in more than a decade.Global companies choosing to list in the US instead of their native countries has prompted plenty of hand-wringing at home, such as when UK-based Arm Holdings Plc chose New York last year over London for its $5.2 billion first-time share sale. US exchanges say the decision over where to list often simply boils down to companies getting higher prices for their stock.
US stocks have the highest valuations in the world, according to an article in April by Nasdaq Inc. Chief Economist Phil Mackintosh on the company’s website.
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